Globalization brings huge benefits to the every single country
Presentation content
Since the late of last century, globalization has experienced rapid development and has had an increasingly important effect on global economy and national economy of different countries. Globalization has brought huge benefits to the every single country in the world and these huge benefits are realized in some key aspects. Firstly, globalization has provided benefits to the every single country through greatly driving the development of trade between countries. With the influence of globalization, international trade across countries has achieved great development to not only drive the development of national economy for the country but also increase national income of the country in the world.
Secondly, globalization has provided companies in one country with access to much wider markets. With the influence of globalization, companies in one country can look all global consumers as their target consumers to get access to much wider markets rather than only focusing on consumers in the domestic market.
Thirdly, globalization has provided benefits to the country through driving cross-national business activities to create more opportunities of employment. With the influence of globalization, the distance between countries has been greatly shortened to lead to the significant increase in cross-national business activities, which has not only greatly drive economic development of the country but also has created more opportunities of employment for people in the country.
Fourthly, globalization has provided consumers in one country with the chance to get a wider variety of products at more competitive prices. With the influence of globalization, it has been easier for consumers in one country to access to products from other countries so that consumers have more choices based on access to both domestic products and foreign products. Moreover, with the open market upon...